GIFT Nifty Above 26,200 Boosts Indian Indices – Retail Investors Benefit

Indian shares are set for a positive start on December 23, with the GIFT Nifty trading above 26,200 and both the Sensex and Nifty showing gains.

Market Outlook for Dec 23

At the close of the previous session, the Sensex was up about 0.8% at 85,567 points and the Nifty rose roughly 0.8% to 26,172 points. The early trade on Tuesday shows the GIFT Nifty holding steady around 26,235, suggesting a hopeful opening for the day.

Why GIFT Nifty Matters

The GIFT Nifty is a pre‑market indicator that reflects how the market might open. When it moves higher, it often signals buying interest that can carry into the regular session.

Global Cues Supporting the Rise

• U.S. stocks closed higher, with the Dow up 0.47%, the S&P 500 up 0.64%, and the Nasdaq up 0.52%.
• Technology shares led the U.S. rally, boosting overall market sentiment.
• Bond yields fell slightly, keeping borrowing costs low.
• The U.S. dollar slipped, while the Japanese yen strengthened after policy comments.
• Asian currencies, especially the yen, were mostly higher in early trade.

Investor Activity in India

Foreign Institutional Investors (FIIs) sold about Rs 457 crore of Indian equities, but Domestic Institutional Investors (DIIs) continued to buy, netting around Rs 4,058 crore. This net buying from local institutions adds support to the market’s upward move.

Key Takeaways

• GIFT Nifty above 26,200 points signals a likely positive open for the Sensex and Nifty.
• Global equity gains and a softer dollar are backing Indian market optimism.
• Strong DII buying offsets FII selling, providing a net positive flow.
• Retail investors can look for buying opportunities, but should stay mindful of market volatility.

Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any trades.